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Mutual Funds Investment, India:

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  • Fund Type - Equity

    Nature - Open Ended

    Benchmark - Nifty Midcap 150 - TRI i

  • Risk Label - Very High i

    Investment Type - Long Term

  • AUM - 1065.32 Crores (As on December 31, 2021)

  • Date of Allotment - May 02, 2006

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Funds Performance

Performance of BNP Paribas Midcap Fund

  1 Year
3 Years
5 Years
Since Inception
This Scheme 41.49% 22.36% 17.63% 11.78%
Nifty Midcap 150 - TRI**# 48.16% 23.22% 20.54% 13.79%
Nifty 50 Index*** 24.12% 16.89% 16.20% 10.54%
Value of ` 10,000 Invested in 1 Year 3 Years 5 Years Since Inception
This Scheme `14,148.86 `18,331.04 `22,536.95 `57,334.00
Nifty Midcap 150 - TRI**# `14,815.98 `18,718.12 `25,471.20 `75,744.39
Nifty 50 Index*** `12,411.93 `15,976.04 `21,200.19 `48,132.83

Above returns are as on December 31, 2021

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Returns are for growth option. Different plans shall have a different expense structure.The performance details provided above are for regular/distributor plan.

Please refer below for fund manager details and performance of other funds managed by the Fund Manager(s)

**Benchmark & ***Additional Benchmark

#Total Return Index
The total return index is a type of equity index that tracks both the capital gains of a group of stocks over time, and assumes that any cash distributions, such as dividends, are reinvested back into the index. Looking at an index's total return displays a more accurate representation of the index's performance. By assuming dividends are reinvested, you effectively account for stocks in an index that do not issue dividends and instead, reinvest their earnings within the underlying company.
For example, an investment may show an annual yield of 4% along with an increase in share price of 6%. While the yield is only a partial reflection of the growth experienced, the total return includes both yields and the increased value of the shares to show a growth of 10%. Difference between total return index & price index: A total return index (TRI) is different from a price index. A price index only considers price movements (capital gains or losses) of the securities that make up the index, while a total return index includes dividends, interest, rights offerings and other distributions realized over a given period of time.

NAVs for BNP Paribas Midcap Fund

Scheme Plan NAV per unit (`)
BNP Paribas Midcap Fund - Direct - IDCW*^# 53.729
BNP Paribas Midcap Fund - Regular - Growth 56.650
BNP Paribas Midcap Fund - Regular - IDCW*^# 44.773
BNP Paribas Midcap Fund - Direct - Growth 64.027

#Income Distribution cum Capital Withdrawal option

*Amounts can be distributed out of investors capital (equalization reserve), which is part of sale price that represents realized gains. However, investors are requested to note that amount (dividend) distribution under IDCW option is not guaranteed and subject to availability of distributable surplus.

^Pursuant to SEBI circular SEBI/HO/IMD/DF3/CIR/P/2020/194 dated October 05, 2020, 'Dividend option' under schemes of BNP Paribas Mutual Fund have been renamed to 'Income Distribution cum Capital Withdrawal option (IDCW)' effective April 01, 2021.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns do not take into account the load, if any. Returns are for growth option. Different plans shall have a different expense structure.

Fund Details

Investors seeking to take advantage of investment opportunities in the middle and small capitalization segment.

  • Investment Objective

    The investment objective of the Scheme seeks to generate long-term capital appreciation by investing primarily in companies with high growth opportunities in the mid-capitalization segment. The fund will emphasize on companies that appear to offer opportunities for long-term growth and will be inclined towards companies that are driven by dynamic style of management and entrepreneurial flair. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

  • Load Structure

    Entry Load: Nil Exit Load: If units of the Scheme are redeemed or switched out up to 10% of the units (the limit) within 12 months from the date of allotment - Nil. If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment - 1% of the applicable NAV. If units of scheme are redeemed or switched out after 12 months from the date of allotment - Nil. No exit load will be charged for Dividend reinvestment units. Transaction charges, if applicable, shall be deducted. The above mentioned load structure is also applicable to SIP investments.

  • Systematic Investment Plan (SIP)

    Daily, Weekly, Monthly, Quarterly Options Available

  • Systematic Transfer Plan (STP)

    Daily*, Weekly, Fortnightly, Monthly & Quarterly Options Available
    *Daily STP shall be available for ‘Transfer into’ BNP Paribas Midcap Fund. For the purpose of Daily STP following are the eligible Transferor Scheme(s): BNP Paribas Liquid Fund, BNP Paribas Low Duration Fund and BNP Paribas Short Term Fund.

  • Systematic Withdrawal Plan (SWP)

    Weekly, Monthly, Quarterly Options Available

  • Redemption

    Within 10 business days of receiving the redemption request at the Official Point of Acceptance of Transactions of the Registrar and the AMC. However, under normal circumstances, the Mutual Fund will endeavour to dispatch the redemption proceeds within three business days from the acceptance of the redemption request.

Download Scheme Documents

Fund Manager

Portfolio (As on 31/12/2021)

Top 10 holdings in BNP Paribas Midcap Fund

Holdings Industry % of Net Assets
Multi Commodity Exchange of India Ltd.Capital Markets0.47%
Trent Ltd.Ferrous Metals4.85%
Jindal Steel & Power Ltd.Consumer Durables4.34%
Voltas Ltd.Software4.30%
Persistent Systems Ltd.Gas3.67%
Gujarat Gas Ltd.Aerospace & Defense3.03%
Bharat Electronics Ltd.Banks2.96%
The Federal Bank Ltd.Software2.83%
Mphasis Ltd.Industrial Products2.81%
Astral LimitedCement & Cement Products2.53%
View all holdings for this fund

Composition by Assets

  • Software


  • Banks


  • Retailing


  • Consumer Durables


  • Ferrous Metals


  • Gas


  • Industrial Products


  • Finance


  • Consumer Non Durables


  • Construction


  • Auto


  • Pharmaceuticals


  • Chemicals


  • Auto Ancillaries


  • Cement & Cement Products


  • Leisure Services


  • Aerospace & Defense


  • Healthcare Services


  • Textile Products


  • Textiles - Cotton


  • Insurance


  • Entertainment


  • Industrial Capital Goods


Asset Allocation

Type Minimum Normal Maximum
Equity & equity related instruments of Mid Cap companies 65% 100%
Equity & equity related instruments of other than Mid Cap companies, Debt instruments & Money Market Instruments (including cash and money at call) 0% 35%
Units issued by REITs & InvITs 0% 10%

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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of BNP Paribas Mutual Fund to any person in the United States of America/Canada.

Karthikraj Lakshmanan

Senior Fund Manager

 Karthikraj Lakshmanan

Mr. Karthikraj Lakshmanan is at the helm as the Senior Fund Manager – Equities at BNP Paribas Asset Management (BNPP AM), since July 2008. He brings a wealth of experience of over 13 years coupled with insightful knowledge of the financial domain.

Mr. Lakshmanan has previously held several leadership positions including Senior Research Analyst in the Portfolio Management Services division of ICICI Prudential AMC assisting the Fund Manager in managing Equity Portfolios. He has also garnered valuable experience working with Goldman Sachs in the Global Investment Research Division and with Wholesale Banking Group of ICICI Bank.

A seasoned professional, Mr. Lakshmanan is an astute reader of the market dynamics and brings strong fund management capabilities to the table.

Mr. Lakshmanan is a Chartered Accountant and holds a Post Graduate Diploma in Business Management from SPJIMR, Mumbai. He has a CFA Level 3 (CFAI, USA) degree as well.


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Scheme Riskometer**

**Basis portfolio of the scheme as on November 30, 2021


*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Benchmark Riskometer**

**Basis constituents of the index as on November 30, 2021


*The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)

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